Fixed Asset Module- Journal Entry For Depreciation. (Doc ID 2401480.1)

Last updated on JUNE 07, 2022

Applies to:

Symptoms

On : A9.4 version, Fixed Assets

ACTUAL BEHAVIOR
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When an asset that is not fully depreciated follows an asset that is fully depreciated, the Initial Year Apportionment % seems to copy down from the asset above it and fully depreciate for the year.

EXPECTED BEHAVIOR
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The Initial Year Apportionment % should be correct for all assets.

STEPS
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The issue can be reproduced at will with the following steps:
1. Create two new assets, one that is old enough to be fully depreciated and
the other asset that is still depreciating.

2. Add beginning balances for cost and accumulated depreciation using the
P12130 (Beginning Balance Setup) program.

3. Run the P12855 (in Preliminary mode) based on only Company.

4. Review the results and note that the Initial Year Apportionment % for both
assets is 100%.

5. Rerun that same version but change the data selections to include the
asset number for only the asset that is still depreciating.,,

6. Review the results and note that the Initial Year Apportionment % is now
correct.

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users get incorrect depreciation amounts which can adversely affect their financial reporting.

Cause

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